Harbinger Group Inc.
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SEC Filings

8-K
HRG GROUP, INC. filed this Form 8-K on 05/05/2017
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HRG GROUP, INC. AND SUBSIDIARIES
OTHER SUPPLEMENTAL INFORMATON (Unaudited)
(In millions)
Sales and Organic Net Sales — Consumer Products
The following is a summary of net sales by product line for the Fiscal 2017 Six Months compared to net sales for the six months ended March 31, 2016 (the “Fiscal 2016 Six Months”):
 
 
Fiscal Quarter
 
Variance
 
Fiscal Six Months
 
Variance
 
 
2017
 
2016
 
$
 
%
 
2017
 
2016
 
$
 
%
Hardware and home improvement products
 
$
313.7

 
$
301.6

 
$
12.1

 
4.0
 %
 
$
602.5

 
$
584.3

 
$
18.2

 
3.1
 %
Consumer batteries
 
185.2

 
178.2

 
7.0

 
3.9
 %
 
445.7

 
430.8

 
14.9

 
3.5
 %
Global pet supplies
 
191.8

 
208.5

 
(16.7
)
 
(8.0
)%
 
386.0

 
411.9

 
(25.9
)
 
(6.3
)%
Small appliances
 
123.6

 
138.3

 
(14.7
)
 
(10.6
)%
 
310.0

 
328.2

 
(18.2
)
 
(5.5
)%
Personal care products
 
104.7

 
108.4

 
(3.7
)
 
(3.4
)%
 
267.3

 
277.2

 
(9.9
)
 
(3.6
)%
Global auto care
 
119.0

 
119.6

 
(0.6
)
 
(0.5
)%
 
188.5

 
193.3

 
(4.8
)
 
(2.5
)%
Home and garden control products
 
131.9

 
155.0

 
(23.1
)
 
(14.9
)%
 
181.7

 
202.7

 
(21.0
)
 
(10.4
)%
Total net sales to external customers
 
$
1,169.9

 
$
1,209.6

 
$
(39.7
)
 
(3.3
)%
 
$
2,381.7

 
$
2,428.4

 
$
(46.7
)
 
(1.9
)%
This release contains financial information regarding organic net sales, which we define as net sales excluding the effect of changes in foreign currency exchange rates and acquisitions. Spectrum Brands believes this non-GAAP measure provides useful information to investors because it reflects regional and operating segment performance from Spectrum Brands’ activities without the effect of changes in currency exchange rate and/or acquisitions. Spectrum Brands uses organic net sales as one measure to monitor and evaluate their regional and segment performance. Organic growth is calculated by comparing organic net sales to reported net sales in the prior year. The effect of changes in currency exchange rates is determined by translating the period’s net sales using the currency exchange rates that were in effect during the prior period. Net sales are attributed to the geographic regions based on the country of destination. Spectrum Brands excluded net sales from acquired businesses in the current year for which there are no comparable sales in the prior period.
The tables below represent a reconciliation of reported net sales to organic net sales, by product line for the Fiscal 2017 Quarter compared to net sales for the Fiscal 2016 Quarter (unaudited):
 
 
Net Sales Fiscal 2017 Quarter
 
Effect of Changes in Currency
 
Organic Net Sales
Fiscal 2017 Quarter
 
Net Sales Fiscal 2016 Quarter
 
Variance
 
% Variance
Hardware and home improvement products
 
$
313.7

 
$
(1.4
)
 
$
312.3

 
$
301.6

 
$
10.7

 
3.5
 %
Global pet supplies
 
191.8

 
3.4

 
195.2

 
208.5

 
(13.3
)
 
(6.4
)%
Consumer batteries
 
185.2

 
2.0

 
187.2

 
178.2

 
9.0

 
5.1
 %
Home and garden control products
 
131.9

 
—

 
131.9

 
155.0

 
(23.1
)
 
(14.9
)%
Small appliances
 
123.6

 
3.5

 
127.1

 
138.3

 
(11.2
)
 
(8.1
)%
Global auto care
 
119.0

 
0.1

 
119.1

 
119.6

 
(0.5
)
 
(0.4
)%
Personal care products
 
104.7

 
2.0

 
106.7

 
108.4

 
(1.7
)
 
(1.6
)%
Total
 
$
1,169.9

 
$
9.6

 
$
1,179.5

 
$
1,209.6

 
$
(30.1
)
 
(2.5
)%

10
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